Takeovers Amendment Act 2012 - new definition of Code company

The Takeovers Amendment Act 2012 came into force on 31 August 2012. This Act makes several amendments to the principal legislation, the Takeovers Act 1993, but the key change relates to the definition of "Code company".

An unlisted Code company is now defined as a company with "50 or more shareholders and 50 or more share parcels" ... READ MORE

Released by the Takeovers Panel - November 2012